Minutes signal Fed on track to raise interest rates in July

Minutes signal Fed on track to raise interest rates in July
The Marriner S. Eccles Federal Reserve board building. (Image: Bloomberg)
Bloomberg
Federal Open Market Committee United States Federal Reserve officials struck a tenuous agreement to pause interest-rate increases at their June meeting, all but committing to hike again later this month in a bid to keep fighting stubborn inflation.The minutes from the Fed’s June 13-14 meeting show that while almost all officials deemed it “appropriate or acceptable” to keep rates unchanged in a 5% to 5.25% target range, some would have supported a quarter-point increase instead. “It was a little surprising given tha...

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